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20121129
20121207
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CNNW 6
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
CNBC
Dec 3, 2012 7:00pm EST
again it solely is because it doesn't raise tax rates on the rich. when is obama going to rise above that obsession? when will he lose that over rich people and tax rates? i don't know. tonight, i'm is going to try to call his bluff. anyway, also breaking tonight, potential catastrophe if syria uses its chemical weapons. president obama issues a stern warning to syria and i quote the world is watching. and there will be consequences if syria uses these wmds. have we just committed ourselves to another war? and the gun control debate is squarely back in the spotlight tonight after the murder/suicide by nfl player in kansas city, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a
FOX News
Dec 1, 2012 1:00pm PST
that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this pr
MSNBC
Dec 3, 2012 7:00pm PST
that any agreement must include some higher income tax rates on top earners. the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason
CNN
Dec 3, 2012 1:00pm PST
in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raisin
MSNBC
Dec 1, 2012 12:00pm PST
rates and the republicans say they're absolutely opposed to that. president obama is making that a condition of this deal. and there's got to be some movement eventually, but republicans are going to have to give up a very big, a very big selling point there if they're going to take the president and say, all right, we'll shift rates, even not back to the bill clinton tax levels that the republicans say they don't want to go to, but even just back to somewhere close to that. >> but do you think, i mean, if we're talking, you know, preclinton levels, we're talking north of 39%. is there wiggle room between 35% and 39%? couldn't they just say, 37% is right in the middle, 37.5% is right in the middle. >> john boehner is used to cutting deals. he has a conference that doesn't let him do it. the tea party folk have stopped him again and again and again. he made statements in the past where he had to try to round them up very forceinally and not always with great success. enough trade bait out there. the president has been out there taxing dividend income. that's something that fa
FOX News
Dec 1, 2012 10:00am PST
are requesting, what the heck is going on with the house and president obama. >> didn't we learn in 2011, where the government seemed less stable and our triple-a rating went down to a double-a rating and right now, john thune was right, it takes time to bush legislation through and we can't have a deal cut on christmas eve. >> is this brinksmanship on behalf of the president and time geithner, his treasury secretary, in terms of what the dems are now offering congress? >> no, i think the president has made a riegsal offer and of course, it's an opening offer, but that silence is deafening for the republicans, for the republicans' response. their political lemmings getting ready to go off the fiscal cliff and rather do that and not violate the no tax pledge they made to grover norquist than to move the ball forward and resolve this for the american people. >> is it really about that, angela and dick, is it really about the pledge that was made to grover norquist, no new taxes? we hear eric cantor saying no new taxes and we know that the dems want to have taxes on the wealthy and also know that
CNN
Dec 3, 2012 11:00am PST
, which president obama has called a nonstarter. so what if we raised taxes a little bit? still be much lower than what americans paid just a generation ago. in 1980, the wealthiest americans paid a marginal tax rate of 70% of their income to uncle sam. now, tax reform under president reagan reduced that rate to 50% and in 1981, and closer to current levels in 1986. today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans are screaming bloody murder about this 3.6%. what if we were all to chip in a little more. we need taxes, we need government programs,
CNN
Dec 4, 2012 6:00am PST
party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative ople are when you tell them they could save a lot of money on their car insurance by switch
FOX News
Dec 3, 2012 8:00am PST
is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to
MSNBC
Dec 3, 2012 8:00pm PST
merit in it. >> this thing called the ryan plan, president obama continues to take his case to the american people who rejected the ryan plan. today he answered questions directly on twitter. one person asked, why won't keeping tax rates low across the board encourage more hires and therefore, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does
FOX News
Dec 2, 2012 3:00am PST
trial. >> when president obama was re-elected it was the heist unemployment rate since franklin dell another roosevelt. high unemployment isn't the only reason it is like 1937. joining us now to explain why is amity slave she is the director of the bush institute for 4 percent growth project author of the fourth coming book on coolidge. i can't wait to read that. 1937 looking a lot like 2013. how so? you broke it down by 4 different points. number one you say preelection spending that sets records. explain why this is one of the major problems? >> you call 1936 was an election year like this year. they spent a lot. they spent a record amount. 1936 interestingly was the first year in peace time that the federal government was bigger than the states. america the states and towns used to be the big government and the federal government was a pygmy. that changed in 36. roosevelt campaigning made that great. this past year we spent a record share of the economy as well. that's the first one. >> number two off the list is the cold water afterward after the election? >> it is appropriate. i
Current
Dec 3, 2012 3:00am PST
the middle class and want to keep tax rates low for wealthy americans. >> it is all john boehner's fault. i wish president obama would stand up and not just talk about this in an abstract way and say hey, i am here for 98% of americans. i want to give you a continued tax cut january 1st. john boehner, john boehner is the only guy standing in the way. put the pressure on. just like we are doing it this morning. put the pressure on boehner. and i think he will cave if we put enough pressure on him and peter has told us how to do it. we are tweeting it. jim fowler from indiana. no. jim from fowler indiana. i'm sorry. >> hey. >> peter: hey, mr. fowler. caller: how are you doing? >> bill: what's going on caller: i would like john boehner to say why it's okay to take money from head start, poor people and the elderly but nots okay to take money from the rich. explain that to me. >> bill: explain thatis is welfare for the rich that continued bush tax cuts. >> they are not entitlements. they are earned benefits. >> bill: thank you. yeah. caller: farrant bene
CNN
Dec 5, 2012 4:00am PST
's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the president has been on the road selling, you know, campaigning on this topic. on monday he didn't have any meetings about the fiscal cliff. on tuesday he was talking to the governors of six states. today, wednesday, he'll be addressing the business roundtable. there are some folks who have said why is he having all these meetings and not just sitting down with john boehner. the two need to get in a room and work this out. why not that? >> well, there are plenty of conversations going on, but soledad, we've been in this place before. unless republicans are willing to come to the table wait real proposal, not what they came to the table with this week, then those discussions aren't going to bear a lot of frui
CNN
Nov 30, 2012 4:00am PST
split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and frankly going on into th
CNN
Dec 6, 2012 1:00pm PST
, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates
Search Results 0 to 18 of about 19 (some duplicates have been removed)